In yesterday’s Wall Street session, ChargePoint Holdings Inc (NYSE:CHPT) shares traded at $1.73, down -0.57% from the previous session.
CHPT stock price is now -11.29% away from the 50-day moving average and -61.17% away from the 200-day moving average. The market capitalization of the company currently stands at $723.19M.
With the price target reduced from $3.50 to $3, RBC Capital Mkts Downgraded its rating from Outperform to Sector Perform for ChargePoint Holdings Inc (NYSE: CHPT). On February 21, 2024, The Benchmark Company recently initiated its ‘Buy’ rating on the stock quoting a target price of $4.25, while ‘B. Riley Securities’ rates the stock as ‘Neutral’
In other news, Wilmer Richard, President and CEO sold 25,376 shares of the company’s stock on Mar 21 ’24. The stock was sold for $47,453 at an average price of $1.87. Upon completion of the transaction, the President and CEO now directly owns 2,359,462 shares in the company, valued at $4.08 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Mar 21 ’24, Interim CFO Khetani Mansi sold 19,035 shares of the business’s stock. A total of $35,595 was realized by selling the stock at an average price of $1.87. This leaves the insider owning 421,500 shares of the company worth $0.73 million. A total of 12.90% of the company’s stock is owned by insiders.
During the past 12 months, ChargePoint Holdings Inc has had a low of $1.56 and a high of $10.71. As of last week, the company has a debt-to-equity ratio of 0.92, a current ratio of 2.25, and a quick ratio of 1.65. The fifty day moving average price for CHPT is $1.9502 and a two-hundred day moving average price translates $4.4549 for the stock.
The latest earnings results from ChargePoint Holdings Inc (NYSE: CHPT) was released for Jan, 2024. According to the Specialty Retail Company, earnings per share came in at -$0.12, beating analysts’ expectations of -$0.13 by 0.01. This compares to -$0.25 EPS in the same period last year. The net profit margin was -90.32% and return on equity was -134.06% for CHPT. The company reported revenue of $110.28 million for the quarter, compared to $125.34 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -12.01 percent. For the current quarter, analysts expect CHPT to generate $106.65M in revenue.
